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[$$] Charter Communications---Choppy Waters

More concerning to bond investors is the company’s debt issuance to fund share buybacks with a consequent increase in leverage to 4.6x. Ms. Noland was formerly Head of Distressed Research at Salomon Brothers, Managing Director of High Yield and Emerging Markets Research at CIBC/Oppenheimer, Director of High Yield Trading at Merrill Lynch and Head of Bankruptcy Research at Bear Stearns. Charter lost 122,000 residential video subscribers, even more than the 100,000 lost during the prior year period.